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GM announces temporary layoffs at CAMI plant amid worldwide chip shortage

GM announces temporary layoffs at CAMI plant amid worldwide chip shortage

General Motors said its CAMI plant in Ontario will be idle for a week as a worldwide shortage of computer chips plagues the auto industry. The measure affects all shifts next week in the plant in Ingersoll, Ont.
S&P/TSX composite edges higher as energy sector gets lift from rising crude prices

S&P/TSX composite edges higher as energy sector gets lift from rising crude prices

TORONTO — Canada's main stock index moved higher for a third-straight day as the energy sector got a lift from crude oil prices hitting their highest level in a year. The March crude oil contract was up 93 cents at US$55.
Amazon CEO Jeff Bezos may step down without stepping away

Amazon CEO Jeff Bezos may step down without stepping away

Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world's dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon's power.
In biggest tech IPO in TSX history, Telus International bets on customer service

In biggest tech IPO in TSX history, Telus International bets on customer service

TORONTO — Telus Corp.'s digital consulting subsidiary is striking out on its own, hoping to gain recognition from investors as the realm of customer service is increasingly dominated by chat bots and social media management.
COVID ads have had varying effects, with some 'super cringeworthy': marketers

COVID ads have had varying effects, with some 'super cringeworthy': marketers

TORONTO — When former communications agency director Erin Bury considers ads she's seen from governments during the COVID-19 pandemic, a villainous character with an active social life is the first thing that pops into her mind. Mr.
Some New Brunswick businesses still without operational plan to deal with COVID-19

Some New Brunswick businesses still without operational plan to deal with COVID-19

FREDERICTON — Compliance officers are still catching businesses in New Brunswick with inadequate COVID-19 operational plans — or no plan at all, nearly a year after companies were required to create them.
TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

CALGARY — TC Energy Corp. is planning to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project. The company suspended work on the project Wednesday as U.S.
S&P/TSX composite slips in morning trading, loonie moves higher

S&P/TSX composite slips in morning trading, loonie moves higher

TORONTO — Canada's main stock index dipped in early trading, lagging U.S. markets as the Canadian dollar headed higher. The S&P/TSX composite index was down 33.13 points at 17,981.78. In New York, the Dow Jones industrial average was up 37.
US home construction jumps 5.8% in December to 1.67 million

US home construction jumps 5.8% in December to 1.67 million

WASHINGTON — U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years. The better-than-expected December gain followed an increase of 9.
US jobless claims decline to a still-high 900,000

US jobless claims decline to a still-high 900,000

WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic.
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